Avinash Luthria explains why the most important report about mutual fund investing in India was published in April 2010 – the S&P Index Versus Active Funds India report – and how there is sufficient and repeated evidence avoid active mutual funds and change the way we invest. I respect Avinash’s approach to investing especially his realistic…
Continue reading →Personal finance is personal and in general, it is incorrect to claim X or Y action as a mistake. That said, being judgemental (almost always with incomplete information) keeps human society together and I think it reasonable to list a few actions as unproductive and hence unnecessary. Harpring on these can be considered a mistake….
Continue reading →Yes, that is right! There is no legal obligation for a mutual fund to declare NAV after each business day! SEBI expects them to, yes but the rules are fairly lax in this regard. Let us take a look at what happened after the DHFL crisis. NAV for 3rd June 2019: According to AMFI, For…
Continue reading →As you know by now, DHFL has failed to pay interest on its bonds in time and the NAV of several debt funds fell sharply (and that is an understatement for some!) on Tuesday night. If you are affected, here is what you should do. If you are not affected, here is how you can…
Continue reading →Momentum investing is such a simple strategy that it could even invite ridiculing laughter. Yet, it works: Momentum Stock Investing in India: Does it work? Yesterday the Momentum, Low Volatility Stock Screener June 2019 was released. This allows you to screen for momentum stocks with low volatility (quality momentum) among the Nifty 100 stocks. In this post,…
Continue reading →This is a performance review of Franklin India Focused Equity Fund a focused multicap fund that invests in high growth stocks. It was earlier known as Franklin India High Growth Companies Fund. After the SEBI categorization rules, it became a focused fund that can invest in a maximum of 30 stocks in the multi-cap space….
Continue reading →This is a user guide on gilt mutual funds (a debt fund that invests in govt bonds). When to use them & how to use them for maximum benefits. Let us start with the basics, but before we do, do check out these two free e-books: MF FAQ for beginners and if you are new…
Continue reading →How often has the Nifty crashed? Has it crashed once it reaches an all-time high? When has the Nifty crashed in the past? Is it possible to use this information to predict when it will crash in the future? Let us try and find answers to these questions using Nifty closing price history from July…
Continue reading →Here are three simple tips to choose the right financial advisor for you with no conflicts of interest (fee-only registered with SEBI). If you wish to outsource money management, either because you cannot do it yourself for want of time, confidence or expertise or because you prefer outsourcing, a trusted financial advisor is necessary. More…
Continue reading →After 13 years of using a feature phone, I finally decided to get myself a smartphone. Selecting one I realized that many of us have the right approach to buying a smartphone but fail to apply it to managing money and investing. First some blah blah about my new phone, kindly bear with me. Did…
Continue reading →Dear reader, this is a compilation of 100 questions that new investors in mutual funds should first ask and then seek answers. Unlike a conventional FAQ that deals with technical aspects on mutual funds like, what is NAV; what is the purchase cut-off time etc. the focus here is to ask questions that will make…
Continue reading →“What is your honest advice to friends in the MF distributor community? Do you suggest that it might be better for us to turn into fee-only financial planners or SEBI registered investment advisers?” This is a question asked on Youtube and think the best person to answer it is, Swapnil Kendhe, who successfully transitioned from…
Continue reading →Here is how you can replicate the returns and performance of NIFTY LargeMidcap 250 Index using Nifty 50 and Nifty next 50 Index funds. Motilal Oswal had filed an NFO application based on this index with SEBI, but this is unlikely to see the light of day (and that is good for investors). This post…
Continue reading →The people have spoken and how! The stock market may rejoice at the results of Lok Sabha 2019, but the new government has its work cut out. Modi 2.0 faces many economic challenges, perhaps because of their own doing: demonetization. Read about any sector, be it agriculture, auto, consumption, exports, banking, airlines etc, the one…
Continue reading →Use this nifty valuation tool to find out if the stock market is expensive or cheap using PE, PB, Div Yield, Bollinger Bands and much more. The idea to try and understand the state of the market using multiple methods. An example of some of the results obtained with this sheet is here: Are we…
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